THE SMITH MANEUVER
Strategy of making an interest on a residential mortgage tax-deductible in Canada. Unlike in the US, mortgage interest is not tax-deductible and must be paid with post-tax dollars. Former financial planner Fraser Smith developed the strategy he called a debt conversion strategy. The benefits from this strategy include faster mortgage repayment, growing retirement portfolio, and tax refunds.
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Accumulation Area
A price where the investors purchase shares of a particular stock. It is usually determined by the looks of the volume and its price. Some analysts ...
SEC Form DEF13E3
SEC Form DEF13E3 is a form which is used as an initial preliminary statement for a company or affiliate that is turning private. “Going priva ...
Transaction
1. Deal between a buyer and a seller to exchange a product, service, or financial instrument.
2. In accounting, an event or condition aff ...
IRS Publication 596
A document that gives information on the earned income credit (EIC) offered to individuals who earn below $51,567. To be eligible to receive EIC, a ...
Depository Trust Company Tracking - DTCT
A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities.
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Introduction to Ethical Investing
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Introduction to Banking
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How Do You Intend to Live?
How do you want to live?
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